LAST THURSDAY’S (26.05.2011) CLOSE WAS AT 5412.35 (+ 63.40 POINTS). THE DAY HIGH WAS 5422.20 AND LOW WAS 5356.35. WEEKLY HIGH IS AT 5541 AND THE WEEKLY LOW IS AT 5348.
5DMA=5406
20DMA=5503
50DMA=5634
50DMA=5634
200DMA=5754
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5378. IMMEDIATE INTRADAY SUPPORTS ARE AT 5400, 5360 AND 5348 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5424, 5440, AND 5490 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5378. IMMEDIATE INTRADAY SUPPORTS ARE AT 5400, 5360 AND 5348 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5424, 5440, AND 5490 LEVEL.
5-DAY RSI AT 40 AND 14-DAY RSI AT 46 INDICATES NIFTY PLACED IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5425 FOR TARGET 5440/5460; STOPLOSS BELOW 5410.
BUY NIFTY FUTURE AROUND 5375 FOR TARGET 5400/5420; STOPLOSS BELOW 5340.
SELL NIFTY FUTURE BELOW 5370 FOR TARGET 5348/5331; STOPLOSS ABOVE 5390.
BUY BANKNIFTY FUTURE ABOVE 10,370 FOR TARGET 10,440/10,500; STOPLOSS BELOW 10,330.
SELL BANK NIFTY FUTURE BELOW 10,330 FOR TARGET 10,260/10,210; STOPLOSS ABOVE 10,380.
